Device for tabulating bonds and other securities



' J. A. CROWLEY.

DEVICE FOR TABULATING BONDS AND OTHER SECURITIES. APPLICATION FILED NOV. 28, 1 919.

1,347,325 Patented July 20,1920.

2 SHEETS-SHEET I.

U.5.BONDS OF PAYMENTS MADEON $250 oa 4'4 Loan l'o Loan 4% $6 72 Loan 4% V 7 Loan INTEREST PAYMENTS MADE 0M8 Loan 1'0 5 a4 INTEREST PAYMENTS MADEONQ 0O Loan INTEREST PAYMENTS MADE ON M 50 INTEREST PAYMENTS MADEON $.f00

J. A. CROWLEY.

DEVICE FOR'TABULATING BONDS AND OTHER SECURITIES. APPLICATION men NOV. 26,1919.

1,347,325. Patented July 20, 1920.

THE STATE BANK OF RANDOLPH HAS macmvnn THE nouns cmszcwmrms rmmn LISTED AND mapomnn BY SUBJECT TO m conm'noxsm I REGULATIONS APPEARING 1111mm l I I Interest made on U. Shends 0F. Loan.

UNlTED STATES PATENT OFFICE.

JEROME A. CROWLEY, OE RANDOLPH,.NEW YORK.

Application filed November 28, 1919.

T 0 all whom it may concern:

Be it known that I, JEROME A. CROWLEY, a citizen of the United States, residing at the village of Randolph, in the county of Cattaraugus and State of New York, have invented certain new and useful Improvements in Devices for Tabulat-ing Bonds and other Securities, of which the following, taken in connection with the accompanying drawings, is a specification.

The invention relates to tabulating devices for United States bonds and other securities which render accurate the keeping account of successive interest payments on said bonds and securities, greatly reducing the work of the banks, loan companies and similar institutions handling Government loans and the like; and the invention consists in a tabulating card for the use of the bank and a coupon or pass book having a contract therein which becomes operative by the issuance of said coupon book and is can celed by the surrender of the bonds and securities and the return of said coupon or pass book, the said cards and couponor pass book being arranged for different kinds of bonds or securities with special tabulating divisions for interest payments thereon; and the invention consists in the novel features and combinations hereinafter set forth and claimed.

In the drawings, Figure 1 is a plan view of one side of the tabulating card; and Fig. 2 is a similar view of the opposite side of said card showing the manner of tabulating the bonds or securities and the interest payments on the same. Fig. 3 is a plan view of the open coupon or pass book showing the manner of tabulating the bonds and securities for the protection of the depositor and the interest payments on the same; and Fig. 4: is a perspective view of said coupon or pass book.

Like characters of reference refer to corresponding parts in the several views.

The numeral 10 designates'the tabulating card upon which the name of the depositor of the bonds or securities is placed as shown in Fig. 1, and which is given the same number as the pass book, which is designated by the numeral 11. r

The card is divided into divisions 12, 13, 14:, 15, 16 and 17 and as many more as may be necessary. The card shown is arranged for the different United States bonds of the first, second, third, fourth and fifth Liberty Specification. of Letters Patent.

Patented July 20,1920.

Serial No. 340,981.

Loans, as shown by the listed entries in Figs. 1 and 3 for the depositor, John Smith, of Randolph, New York, as shown in division 12 of Fig. 1, the interest on said bonds collected by the bank and dates thereof being entered in divisions 13, 14, 15, 16 and 17 according to the rates of interest upon the same.

The coupon or pass book 11 has corresponding entries therein tabulating the de posit of the bonds of the different loans and the interest payments upon these different bonds of said different loans, said coupon or pass book having a printed statement at the top of each tabulation 19 of interest payments stating to which Liberty Loan the bond belongs upon which payments are made.

At the top of the page designated by the numeral 18, upon which the bonds are tabulated, a printed statement acknowledging the receipt of the bonds is placed, stating that the receipt is subject to the conditions and regulations appearing therein. The regulations are printed within the coupon or pass book and form a contract between the bank and the depositor and state for example that the bank will receive United States bonds and other securities from its customers and other parties who desire to deposit them for safe keeping in its custody, but subject to the condition that said bank assumes no responsibility therewith, except that such bonds or other securities so deposited shall receive the same care as given its own securities.

All bonds or other securities deposited with said bank shall be listed in a pass or coupon book issued by said bank and such pass book shall be the receipt to the depositor and the acceptance of said pass book by the party depositing said bonds or other securities shall constitute an agreement on his or her part with said bank of the aforesaid conditions, and of the following regulations:

That said bank shall have the privilege to detach interest coupons attached to said bonds or other securities thus deposited with said bank, to collect the amount thereof, and upon presentation of this pass or coupon book, the said bank will pay to the holder thereof the amount of said interest thus collected and enter the amount paid in this pass or coupon book together with the date on which the interest was collected, which entry shall constitute a receipt for said payment.

That said bank will not be called uponto make such interest payments without presentationof this pass or coupon book at its counter, and that the possession of this pass or coupon book and the presentation thereof shall be sufficient authority to said bank to 'make such interest payments.

That said bank will return said bonds or securities upon demand of the owner and holder of this book, or bonds or securities of like denomination of the same issue, and thereupon this pass or coupon book shall be surrendered to said bank.

Great difficulty has been experienced by the different banks and other institutions in handling the difierent Liberty Loans for the convenience of depositors, the banks not receiving any remuneration therefrom. By

the herein described system, the depositor is more completely protected than he could otherwise be, and at the same time the'bank is empowered to detach the coupons and col lect from the Government the amounts thereof, thereby holding a considerable fund in its possession which can be placed at in terest to thereby cover the cost of furnishing protection to the depositors and for the safe keeping of said bonds and securities.

I claim as new:-

A bank tabulating device for bonds and the like including a depositors pass book having designated spaces to receive a list constituting acknowledgments by the bank of receipts from the depositor of bonds of the different issues and of the interest borne by each issue, and having a series of divisions one for each of the different bonds so listed, each division having a designated space to receive the amount of the bond and having a series of designated spaces to respaces to receive a record of the interest collected by the bank and held thereby to the credit of the depositor'as of the date collected by the banl.

In testimony whereof I have aflixed my signature in the resence of two witnesses.

, J E OME A. CROWLEY. lVitnesses C. V. SWANsoN, EDWARD HoWEs. 

